Shares of Gener8 Maritime Inc (NASDAQ:GNRT) dropped 3.3% during mid-day trading on Tuesday . The company traded as low as $5.23 and last traded at $5.28, with a volume of 96,180 shares changing hands. The stock had previously closed at $5.46.

GNRT has been the topic of a number of recent research reports. Zacks Investment Research downgraded Gener8 Maritime from a “hold” rating to a “sell” rating in a research report on Monday, July 25th. Jefferies Group reaffirmed a “buy” rating and issued a $13.00 target price (down previously from $17.00) on shares of Gener8 Maritime in a research report on Wednesday, July 27th. Finally, Citigroup Inc. lowered their target price on Gener8 Maritime from $12.00 to $9.00 and set a “buy” rating on the stock in a research report on Thursday, July 28th.

The firm has a market cap of $434.48 million and a PE ratio of 2.451. The firm has a 50-day moving average price of $5.69 and a 200 day moving average price of $6.48.

Gener8 Maritime (NASDAQ:GNRT) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.51 EPS for the quarter, missing the Zacks’ consensus estimate of $0.52 by $0.01. The business had revenue of $105.96 million for the quarter, compared to analyst estimates of $109.89 million. The company’s revenue was down 9.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.68 earnings per share. On average, analysts forecast that Gener8 Maritime Inc will post $1.88 EPS for the current year.

Gener8 Maritime, Inc, formerly General Maritime Corporation, is a provider of international seaborne crude oil transportation services. The Company operates through the segment, which includes the transportation of international seaborne crude oil and petroleum products with its fleet of vessels. The Company owns a fleet of over 45 tankers, including 31 vessels on the water consisting of 14 Very Large Crude Carriers (VLCCs), approximately 11 Suezmax vessels, over four Aframax vessels and approximately two Panamax vessels with an aggregate carrying capacity of approximately 6.6 million deadweight tons.

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